Ctrip announced $3.05 billion to buy 100,000 square meters office area

Absrtact: September 29 News, Ctrip announced the purchase of 3.05 billion yuan in the Sky Soho business district to buy 100,167 square meters of office building. Ctrip said in a statement that the company has been through its wholly owned subsidiaries and subsidiaries, and Soho (Shanghai) investment company to reach the pre-Sales Framework Association

September 29 News, Ctrip announced the purchase of 3.05 billion yuan in the Sky Soho business district to buy 100,167 square meters of office building.

Ctrip said in a statement that the company has through its wholly-owned subsidiaries and subsidiaries, and Soho (Shanghai) investment company to reach a pre-sale framework agreement, to spend 3.05 billion yuan (497 million U.S. dollars) in the Sky Soho business district to purchase 100,167 square meters of office space and ancillary equipment.

Ctrip said it will use operating cash flow to pay for this, and the new office will be used to meet the rapid development needs of the company's business and enhance operational efficiency in the future, which will give priority to the needs of technology research and development and business innovation centers.